Gold Reserve Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 20, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	628	257	364	171	150	203
Market Cap Growth	139.63%	-29.43%	112.83%	14.14%	-26.02%	4.28%
Enterprise Value	503	138	312	110	84	128
Last Close Price	5.12	2.25	3.70	1.72	1.47	2.12
PB Ratio	6.23	2.74	9.65	2.45	1.97	2.32
P/TBV Ratio	6.23	2.74	9.65	2.45	1.97	2.32
Debt / Equity Ratio	0.00	-	-	-	0.00	0.00
Net Debt / Equity Ratio	-1.26	-1.20	-1.37	-0.83	-0.82	-0.84
Net Debt / EBITDA Ratio	8.65	7.15	6.28	6.41	6.15	9.15
Net Debt / FCF Ratio	4.44	6.51	5.26	6.76	5.71	12.45
Quick Ratio	4.55	5.62	3.50	37.79	94.84	70.86
Current Ratio	4.57	5.64	3.53	38.13	95.67	71.47
Return on Equity (ROE)	-39.84%	-32.43%	-57.68%	-15.40%	-16.50%	-15.59%
Return on Assets (ROA)	-7.51%	-11.56%	-8.48%	-7.49%	-7.78%	-5.34%
Return on Invested Capital (ROIC)	-	-	-	-69.80%	-73.71%	-44.63%
Return on Capital Employed (ROCE)	-14.60%	-16.90%	-22.00%	-13.20%	-13.50%	-9.30%
Earnings Yield	-6.30%	-8.51%	-8.38%	-6.80%	-8.95%	-7.24%
FCF Yield	-4.56%	-6.75%	-2.69%	-5.03%	-7.27%	-2.90%
Buyback Yield / Dilution	-11.17%	-7.04%	0.00%	-0.07%	-0.09%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.